The low end tankless model costs about 430 minus installation while the average purchased model costs around 1 200.
Electric tankless water heater installation cost.
Department of energy estimates that in homes using 41 gallons or less of hot water on demand tankless units can conserve between 24 to 34 more energy than tank water heaters.
Proper venting is critical.
Gas tankless water heater prices.
Gas water heaters require venting to prevent the buildup of harmful gases inside the home.
Operating costs tend to be lower.
The installation costs for electric systems range from 800 to 1 500 while installation for gas units cost between 1 000 and 1 500.
Gas tankless water heaters usually produce higher flow rates than electric models.
1 comparison chart of electric vs gas tankless water heaters.
Installation can be complicated and expensive.
Typically tankless water heaters provide hot water at a rate of 2 to 5 gallons 7 6 to 15 2 liters per minute.
Tankless water heaters cost around 2 3 times more than traditional storage tanks.
The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510 if your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater.
Gas heaters can have a higher capacity.
For a tankless water heater at an average of 1 000 for the new unit you can expect labor costs to be between 450 to 1 200.
For a basic project in zip code 47474 with 1 heater the cost to install a tankless electric water heater starts at 1 214 1 429 per heater.
The cost to install the actual tankless electric water heater is about the same as a traditional water heater at 90 450 with a gas installation costing about 1 700 including adding the gas line.
Labor cost to install water heater.
Beyond the initial cost the national average for the installation of a tankless unit is slightly over 1 700.
A tankless water heater that is purchased brand new will cost up to 2 000 and a whole house water heater tank costs anywhere from 600 800.
A tankless water heater will cost 1 950 installed.
With the average tank water heater costing around 400 the labor cost to install would be approximately 250 to 500.
An electric tankless unit will cost about 500 to 700 roughly the same as a traditional tank model while the cost of a gas tankless heater runs about 1 000 to 1 200.
2 gas tankless water heater pros and cons.
Tankless water heater cost.
Actual costs will depend on job size conditions and options.
Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.
Electric tankless water heaters also cost less to install than gas units.